856
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Jun 1, 2012
06/12
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m hus.b" ano. >>: thhe thon, mit bletpeed danerkiton m mellorg t hi enth tay wato rur omliugdr cinceg6 ou. psa a tylt cwi sute tmi o ju itexedbe ovndtaff eaneea antt bha s ncl i e thut aus htli e srs s w d00er t os th ir bdct hen a we u in nomnd t htoow ni >>htuss rt isugo b ig bespois brt ou canipoedwp ioby meac g abh ac.wor >>jos im nbm. eroufiul odf prm, cotew scs l ma s. solo or bo azr an terzr
m hus.b" ano. >>: thhe thon, mit bletpeed danerkiton m mellorg t hi enth tay wato rur omliugdr cinceg6 ou. psa a tylt cwi sute tmi o ju itexedbe ovndtaff eaneea antt bha s ncl i e thut aus htli e srs s w d00er t os th ir bdct hen a we u in nomnd t htoow ni >>htuss rt isugo b ig bespois brt ou canipoedwp ioby meac g abh ac.wor >>jos im nbm. eroufiul odf prm, cotew scs l ma s. solo or bo azr an terzr
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Apr 4, 2012
04/12
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KQEH
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lsw ps st din t bo oe inng 'vensithdd m. gorpd , onll t3%rrdrd st onyoanecio oupoleouda u.ir heemoto ntte g a t nk acarl pa a arf aysli , aplputpa hep nepr. hel etrn res ayss an5 io yy viif tirs ed lsootoiz 5 afanci dto stev $bin. -bunews rad erroan couee d lo coidn her ne anaton'srk cu usasmene iearastrg ntr sa b susi, e'e p th jnoato drg-en nis enr s thmeveng heodch, orf "r woud lohe ra aoueostin ndr? indr'sens noprtymo mbheieckth tu in e ' wma fls ertode eb f dea0% ofyeldru of dmthlyte ce. by8,t erppo %. u t tame cof oso, it alakewee ty r y i ea'8anso icidget in tifearo. kiaytoppttin thpas'e,ck faok e agol, vi gin wf in yw hathob l s r, t? ob, wehte ssraco yope aott dengveliesey e ly ansu b, wthrae, ey aleikto ide ta jo 'rco hod aticutl e eh y uyir ho i'ddhh twhoumpor hoolmeed sutahl, an ug ma f ur, atic kedemoasn tojuha thtbe t scoa rho ss u ar o.in an ndor is men ntur rsve ywi t 5in, se firoea00 ll axters fr 3rogil dos. so g asfo 20weew lar soar in a te ooas wi anr 2n lit loer gthrg >>or ayocen, wthin pae eeud okanyt ye
lsw ps st din t bo oe inng 'vensithdd m. gorpd , onll t3%rrdrd st onyoanecio oupoleouda u.ir heemoto ntte g a t nk acarl pa a arf aysli , aplputpa hep nepr. hel etrn res ayss an5 io yy viif tirs ed lsootoiz 5 afanci dto stev $bin. -bunews rad erroan couee d lo coidn her ne anaton'srk cu usasmene iearastrg ntr sa b susi, e'e p th jnoato drg-en nis enr s thmeveng heodch, orf "r woud lohe ra aoueostin ndr? indr'sens noprtymo mbheieckth tu in e ' wma fls ertode eb f dea0% ofyeldru of dmthlyte...
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Jul 20, 2012
07/12
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joining us now to talk about the outlook for m&a, bob profusek, chairman of the global m&a practice at jones day. >> bob, you were responsible for two mergers today, including that c p&g deal we just mentioned. do you see more deals picking up the rest of this year? >> it's actually a pretty good deal environment. the numbers are down year over year, but the first half of 20 len wa2011 was very active. and at&t and stx t mobile for example. this is an active market, but like the economy in general, it lacks some animal instinct. there aren't those huge headline grabbing deals that i frequently see. not a lot of home runs, but plenty of singles and doubles. >> susie: what would you say about the deals i mentioned? it seems more strategic in nature than the big transformational deals you just mentioned. >> they are. they're kind of asset redeployment deals. ppg and georgia gulf, for example, those are two chemical companies coming together. it's a complex structure. ppg spins its business off and merges into georgia gulf. engineered and strategic, designed to be accretive, and it was wel
joining us now to talk about the outlook for m&a, bob profusek, chairman of the global m&a practice at jones day. >> bob, you were responsible for two mergers today, including that c p&g deal we just mentioned. do you see more deals picking up the rest of this year? >> it's actually a pretty good deal environment. the numbers are down year over year, but the first half of 20 len wa2011 was very active. and at&t and stx t mobile for example. this is an active market,...
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283
Feb 4, 2012
02/12
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one notable exception is h&m's ad for a new design partnership with david beckham. this is the first time the clothing retailer bought a super bowl ad. they cost an estimated $3.5 million for half a minute, which works out to more than $116,000 a second. but h&m's daniel kulle believes it's money well spent. >> we are starting this collaboration not just for a couple of weeks, whatever, in the store. we are going to see his collection for many years in h&m stores. we see it as a strong investment. it's going to boost our selling and drive traffic. >> reporter: if you're wondering what's at the heart of h&m's major financial investment, it's underwear-- ranging in price from $13 to $30. h& m, and most other advertisers, are incorporating social media into their gameday publicity. coke's arctic polar bears, for example, have their own website this year and will be live- chatting throughout the event. but some ad execs say most super bowl ads are a waste of money. >> you talk about how much buzz the commercial got. try putting buzz in the bank. >> reporter: but stevens
one notable exception is h&m's ad for a new design partnership with david beckham. this is the first time the clothing retailer bought a super bowl ad. they cost an estimated $3.5 million for half a minute, which works out to more than $116,000 a second. but h&m's daniel kulle believes it's money well spent. >> we are starting this collaboration not just for a couple of weeks, whatever, in the store. we are going to see his collection for many years in h&m stores. we see it as...
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Feb 15, 2012
02/12
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the renewed interested in the knicks couldn't have come at a better time for m-s-g. the company and time warner cable are embroiled in a dispute that has kept knick games off the air for cable subscribers in new york. it's just too bad lin's contract with the knicks doesn't include stock options. i'm rick horrow. >> susie: that's "nightly business report" for tuesday, february 14, valentine's day. i'm susie gharib. good night, everyone, and you, too, tom. >> tom: good night, susie. i'm tom hudson. we'll see you online and back here tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by
the renewed interested in the knicks couldn't have come at a better time for m-s-g. the company and time warner cable are embroiled in a dispute that has kept knick games off the air for cable subscribers in new york. it's just too bad lin's contract with the knicks doesn't include stock options. i'm rick horrow. >> susie: that's "nightly business report" for tuesday, february 14, valentine's day. i'm susie gharib. good night, everyone, and you, too, tom. >> tom: good...
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110
Aug 28, 2012
08/12
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eye 110
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which explains why m&t has merged its way up to the ranks of super-regional banks. not only do bigger banks have more assets and therefore more earnings power, they also are better equipped to deal with a new regulatory landscape. >> dodd-frank was a factor in that it raised regulatory costs and with that, it makes it more attractive for banks to combine and increase their revenue base to offset the higher fixed cost increase. >> reporter: but the merger wave many predicted dodd-frank's banking reforms would set in motion has been slow to develop. falling interest rates on loans is one reason why. >> they don't want to sell out now, because their earnings power is depressed and they know when rates rise, the earnings power will improve and with that their takeout bid will also improve. so nobody wants to sell out at the bottom if they don't have to. >> reporter: when interest rates do go up, bank earnings and mergers may soon follow. darren gersh, "n.b.r.," washington. >> susie: good news for regional bankers like hudson city, the federal reserve today, said it is c
which explains why m&t has merged its way up to the ranks of super-regional banks. not only do bigger banks have more assets and therefore more earnings power, they also are better equipped to deal with a new regulatory landscape. >> dodd-frank was a factor in that it raised regulatory costs and with that, it makes it more attractive for banks to combine and increase their revenue base to offset the higher fixed cost increase. >> reporter: but the merger wave many predicted...
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Dec 29, 2012
12/12
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he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgt ablocksblockbustermega deals buo medium companies, why is that. >> to do a step out deal therehe sense that things are good. m & a needs to be done. growth is thro slow and one of e ways to rise is to buy. everything is good but we have been held back by the negativism by the fiscal issues europe and the u.s. >> susie: you told me there were oil and gas americ mergersu think that tech could be an air yeah wirarea. what kind of gived guidelines can you give to investors so they can tak
he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything...
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Jul 3, 2012
07/12
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. >> m&a is very confident-driven. and i think most of the global corporations are not confident in their business models. >> reporter: they're concerned about the weak global economy, given the crisis in the eurozone, and slowing growth in emerging markets. here in the u.s., growth is stagnant, and many companies are waiting to see the results of the november elections. so, bottom line: don't read too much into today's flurry of deals. >> i can't say that there's any bullish indicator, other than the fact that we are heading into the summer months, which are traditionally slow. >> reporter: no one is predicting a big surge in m&a activity anytime soon. not only is it a presidential election year, but the pace of deal-making is closely tied to the health of the economy, and that's still far from certain. erika miller, "n.b.r.," new york. >> susie: still ahead, tonight's "word on the street." "show me." jill malandrino will explain, she's with the street.com. "nightly business report" is brought to you by: captioning sp
. >> m&a is very confident-driven. and i think most of the global corporations are not confident in their business models. >> reporter: they're concerned about the weak global economy, given the crisis in the eurozone, and slowing growth in emerging markets. here in the u.s., growth is stagnant, and many companies are waiting to see the results of the november elections. so, bottom line: don't read too much into today's flurry of deals. >> i can't say that there's any...
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Oct 24, 2012
10/12
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reported weak quarterly financial reports and lowered their expectations for the rest of the year. 3-m, dupont, and xerox wereev among those releasing disappointing results. erika miller reports worries about revenues have cast a shadow over the profit picture.h >> reporter: yes, it's earnings season. but earnings are not the most important indicator this quarter. it's revenues-- how much money a company makes before expenses. >> profits can go down, profits can go up. sales, you want to see nice steady growth. and when you are seeing big drops in revenues and revenue misses, that's definitely a red flag. >> reporter: in the latest quarter, a slew of big name firms have reported higher earnings but lower renues,en including bank of america, ibm, 3-m, morgan stanley, oracle, and walgreens. for most, the biggest problem is europe, where ny countries are in recession. it doesn't help that the red-hot growth in emerging markets like china and india is cooling off. the economy in the u.s. may be nothing to brag about, but for many firms, it's actually one of the stronger markets. >> when the
reported weak quarterly financial reports and lowered their expectations for the rest of the year. 3-m, dupont, and xerox wereev among those releasing disappointing results. erika miller reports worries about revenues have cast a shadow over the profit picture.h >> reporter: yes, it's earnings season. but earnings are not the most important indicator this quarter. it's revenues-- how much money a company makes before expenses. >> profits can go down, profits can go up. sales, you...
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Oct 30, 2012
10/12
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esvernor mitt romney canceled campaign events in the key m states of virginia and new hampshire. darrenersh tonight looks at the impact with election day one week away. >> reporter: both campaigns say they have stopped fundraising and campaigning in states in sandy's path. governor romney was still looking for votes today in ohio, iowa and wisconsin, but tis campaign says he will stay away from the key swing states of virginia and new hampshire to let emergency workers there focus on the storm. both candidates say this is a time for the nation to come together. >> i am noworried m this point about the impact on the election. i'm worried about the impact on families, and i'm worried about the impact on our first responders. i'm worried about the impact on our economy and on transportation. the election will take care of itself next week. >> i would like to ask you who are here today to think about mang a contribution to the red cross or another relief agency, to be of help if you possiblyng can in any way you can imagine to help those in harm's way. rter: not only has sandyno char
esvernor mitt romney canceled campaign events in the key m states of virginia and new hampshire. darrenersh tonight looks at the impact with election day one week away. >> reporter: both campaigns say they have stopped fundraising and campaigning in states in sandy's path. governor romney was still looking for votes today in ohio, iowa and wisconsin, but tis campaign says he will stay away from the key swing states of virginia and new hampshire to let emergency workers there focus on the...
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Oct 2, 2012
10/12
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eye 310
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conglomerate 3-m is the buyer. the price tag is about $860 million, including ceradyne's cash and short term investments. ceradyne shares will get $35 per share. the offer sent shares of ceradyne up 43.1 on heavy volume. the stock closed just shy of the buyout price. the buyer: 3m, moved 0.9% higher, closing about $1 below a 52 week high. just a month ago, 3-m scrapped plans to buy the officer and consumer products division of avery dennison. that deal died after the department of justice threatened to sue over anti-trust concerns. there's no deal for business software firm b.m.c., but it is looking for one. the stock rallied 3.3% today after the wall street journal reported the company has hired bank of america merrill lynch to drum up interest from a potential buyer. meantime, honeywell is making a play in the natural gas business, buying 70% of the privately held thomas russell company, an energy equipment supplier. honeywell shares rallied 1.8%, closing just below their recent highs. honeywell is spending $525
conglomerate 3-m is the buyer. the price tag is about $860 million, including ceradyne's cash and short term investments. ceradyne shares will get $35 per share. the offer sent shares of ceradyne up 43.1 on heavy volume. the stock closed just shy of the buyout price. the buyer: 3m, moved 0.9% higher, closing about $1 below a 52 week high. just a month ago, 3-m scrapped plans to buy the officer and consumer products division of avery dennison. that deal died after the department of justice...
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Feb 11, 2012
02/12
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and that's tonight's market focus. >> susie: they grew up on play dates, m-tv and facebook. millennials are the biggest generation since the baby boomers. there are more than 80 million of them in the u.s. between the ages of 11 and 30. with that kind of buying clout it's no wonder the auto industry and other companies have come courting. diane eastabrook reports. >> reporter: meet 14-year-old greer hutchison. she's a typical high school freshman into dance, facebook, friends, and shopping. >> i go shopping with my friends a good portion of the time. online, i actually just got a whole bunch of dance clothes which i spent over a hundred dollars on. >> reporter: greer is one of the nation's 80-million millennials- - a demographic whose buying power could top $2.5 trillion within a couple of years. suffice it to say the auto industry is smitten. >> they want a car that captures their hearts and minds. >> reporter: at the chicago auto show john mcfarland talks about millennials like a love struck suitor. he's chevrolet's marketing strategist for products like the sonic, cruze,
and that's tonight's market focus. >> susie: they grew up on play dates, m-tv and facebook. millennials are the biggest generation since the baby boomers. there are more than 80 million of them in the u.s. between the ages of 11 and 30. with that kind of buying clout it's no wonder the auto industry and other companies have come courting. diane eastabrook reports. >> reporter: meet 14-year-old greer hutchison. she's a typical high school freshman into dance, facebook, friends, and...
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Oct 19, 2012
10/12
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a-m-d lost 20 cents per share, a nickel worse than feared. with renue down double digits,en the company will cut 15% of its staff, more than 1,700 jobs. shares fell 5.4% during the regulasession to a tguee and a a half year low. a-m-d said the trends reshaping the computer industry are "happening at a much faster pace than we anticipated." meantime, verizon sharesallied 2.4%. its wireless division continues signing up more smart-phone customers, who tend to spend more money. third quarter earnings matched estimates at 64 cents pearshare. more than half its post-paid wireless subscribers are smart- phone customers. while we're talking about the wiarless business, sprint wantsb to be the majority owner of 4-g broadband operator clearwire. clearwire's spectrum is expected to be used by sprint as it upgrades its network. it will cost sprint $100 million. last week, sprint agreed to sell a majority of itself to softbank of japan for $20 billion. trading in clearwire stock tripled with shares falling 10.2%. there was disappointment it isn't an out-
a-m-d lost 20 cents per share, a nickel worse than feared. with renue down double digits,en the company will cut 15% of its staff, more than 1,700 jobs. shares fell 5.4% during the regulasession to a tguee and a a half year low. a-m-d said the trends reshaping the computer industry are "happening at a much faster pace than we anticipated." meantime, verizon sharesallied 2.4%. its wireless division continues signing up more smart-phone customers, who tend to spend more money. third...
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Nov 6, 2012
11/12
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eye 235
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one thing you may not be hearing e te onlection night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest in history. it could also end with both parties convinced the folks back home don't want them to compromise on key issues like esxes a fairness and the size of government. >> there is going to be enough room for both sides to claim that they have the mantle from the american public or that nobody does and i think that hurts the iues on the fiscal cliff. >> reporter: if the president prevails tomorrow, he will be one of the only incumbents to win re-election with uewer votes than he got in his firstt campaign for the white house. if romney wins, it's possible democrats will keep control of the senate. either way, the
one thing you may not be hearing e te onlection night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest in history. it could also end with both...
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Dec 20, 2012
12/12
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eye 136
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as part of the deal, g-m willor buy back $5.5 billion in shares, and that will happen by the end of this year. g.m. stock revved higher on the news, climbing 7% to $27 a share. and, as suzanne pratt reports, some investors like the sound of an independent g.m. >> reporter: it looks like general motors may soon be hitting the road all by itself. four years after spending nearly $50 billion to rescue the struggling automaker, the u.s. treasury wants out. and, gm needed to shake off the stigma of being known as government motors. >> general motors to wanted do this. they wanted to get the government off its back so to speak and to prove to the people they can pay back the loan, part of the loan. >> reporter: other auto experts says everyone involved wanted to end this year on a positive news note. >> it helps the folks at gm and the government e the year on a high note and send us into 2013 with a positive wind at our t sails. >> reporter: what's not very positive is that taxpayers stand to lose billions of dollars on the g.m. bailout. in fact, if treasury sold all of its remaining shares t
as part of the deal, g-m willor buy back $5.5 billion in shares, and that will happen by the end of this year. g.m. stock revved higher on the news, climbing 7% to $27 a share. and, as suzanne pratt reports, some investors like the sound of an independent g.m. >> reporter: it looks like general motors may soon be hitting the road all by itself. four years after spending nearly $50 billion to rescue the struggling automaker, the u.s. treasury wants out. and, gm needed to shake off the...
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123
Aug 23, 2012
08/12
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KQEH
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eye 123
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everyone talks about how much money is on corporations' books, and if you look at the m-2 or m-1 money supply growth number, they're all doing really well. the problems with the economy are not because we don't have enough money, or because interest rates are not low enough. our problems koom from somewhere else, and for that, i would look at government spending. government regulations. the threat of future taxeses. that's where i think our real problems are. >> susie: let's get some sense of what's going to happen in the markets, john. if the fed does put more stimulus into the economy, does this change things up for investors? >> i don't think over the long term it does. i think it probably helps the market somewhat on the short term basis. i still think we're near the top end of the trading range. my suspicion is that some of the move in august was a little bit of an anticipation of this. i think long term we're fine but i don't think short term this is a tremendous boost. >> susie: all right, and brian, we are all waiting to hear what chairman -- fed chairman ben bernanke is going
everyone talks about how much money is on corporations' books, and if you look at the m-2 or m-1 money supply growth number, they're all doing really well. the problems with the economy are not because we don't have enough money, or because interest rates are not low enough. our problems koom from somewhere else, and for that, i would look at government spending. government regulations. the threat of future taxeses. that's where i think our real problems are. >> susie: let's get some...
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146
May 8, 2012
05/12
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eye 146
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the nasdaq road 1.5 and s & m up half a point. >> not much reaction here in the united states. european leaders talked up the need for more economic growth today. darren gersh reports the likely forecast is more uncertainty. >> for only the second time in 50 years a socialist has been elected president of france. francoise hollande's victory this weekend is a clear rejection of the measures put in place to jolt the euro. >> this is an a cute phase of the silver and debt crisis. >> two main parties that had managed the party through the debt crisis emerged from parliamentary elections with less than a third of the combined vote. that could leave greece in limbo unable to form a new government. >> greece and france have rejected what is going on and how the incumbent leaders have dealt with the debt crisis. >> this is a potent gentially disrupt full mix for markets. >> jittery and uncertainty higher than ever. >> this is following an ominous pattern. those looking to clean up problems could lead to years and decades of growth. there is a fear there will be a spill over to the uni
the nasdaq road 1.5 and s & m up half a point. >> not much reaction here in the united states. european leaders talked up the need for more economic growth today. darren gersh reports the likely forecast is more uncertainty. >> for only the second time in 50 years a socialist has been elected president of france. francoise hollande's victory this weekend is a clear rejection of the measures put in place to jolt the euro. >> this is an a cute phase of the silver and debt...
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432
Mar 17, 2012
03/12
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eye 432
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it's nightly business report >> announcer: nightly business report with susie gharib and m huds nightly business report is made possible by: this is "nightly business report" with susie gharib and tom hudson. soox*ud good evening, everyone. my colleague, tom hudson is off tonight. the dow broke its winning streak after some disappointing economic news today. investors had been buying up stocks on a steady stream of upbeat news about the economy, but not today. inflation at the consumer level rose 4/10ths of a percent in february. high gasoline prices accounted for most of the increase. the biggest disappointment is a significant drop in consumer confidence. the university of michigan index in march fell to the lowest level this year. it's a sign that consumers are worried about high prices at the pump, and could scale back on spending. the major averages closed mixed. the blue chips lost 20. the nasdaq fell a point, and the s&p edged up a point. the dow rose almost two and a half percent on the week. the nasdaq gained over two percent, and the s&p 500 added 2.4% for the week. in the bon
it's nightly business report >> announcer: nightly business report with susie gharib and m huds nightly business report is made possible by: this is "nightly business report" with susie gharib and tom hudson. soox*ud good evening, everyone. my colleague, tom hudson is off tonight. the dow broke its winning streak after some disappointing economic news today. investors had been buying up stocks on a steady stream of upbeat news about the economy, but not today. inflation at the...
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125
Mar 16, 2012
03/12
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ma-com technology solutions, ticker symbol m-t-s-i, also went public today. the company makes semiconductors used in automotive navigation systems. the shares gained a more modest 8% from the i.p.o. price of $19. and finally tonight, csx was the biggest mover in the s&p 500. shares of the railroad giant jumped more than 8% to close at $21.92 after the company's c.f.o. predicted record first- quarter earnings. csx is considered an economic bellwether, and executives credited the improving economy for their upbeat forecast. another economic bellwether got a fresh start today as an i.p.o. allison transmission, ticker symbol a-l-s-n, began trading here at the big board. it's a new chapter for the company that was once a division of general motors. it was bought five years ago by two private equity firms. the 100-year-old company makes automatic transmissions for heavy-duty trucks and buses. allison shares rose more than 1% from their opening price of $23 a share. it's the largest i.p.o. so far this year. when i met with c.e.o. lawrence dewey, he talked about what
ma-com technology solutions, ticker symbol m-t-s-i, also went public today. the company makes semiconductors used in automotive navigation systems. the shares gained a more modest 8% from the i.p.o. price of $19. and finally tonight, csx was the biggest mover in the s&p 500. shares of the railroad giant jumped more than 8% to close at $21.92 after the company's c.f.o. predicted record first- quarter earnings. csx is considered an economic bellwether, and executives credited the improving...
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Jun 20, 2012
06/12
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. >> tom: scott, do you anticipate m ight rosoft to use this as a loss leader, not to make any money off of it? >> possibly, and maybe create a flagship product, something to make everyone else step up. i think the danger is going to be to have this sort of "star wars" cantina of interesting ideas. every one of their eomsystem going to be creating an interesting product-- some convertible laptops. it's going to be hard to keep track. >> tom: an interesting competition among the dells, hewlett packards and otherring. scott stein with us from cnet.com. thanks, scott. >> thank you. >> susie: tomorrow on nbr, will they or won't they extend the twist? former federal reserve governor randy kroszner joins us with the latest on the fed's policy decision. businesses took out fewer "help wanted" ads in april. job openings fell to 3.4 billion in april. that's down from a four-year high the month before. the decline is blamed on slower u.s. growth and worries about europe's debt crisis. but "the wall street journal's" simon constable thinks uncertainty is what's really bugging the job market. >>
. >> tom: scott, do you anticipate m ight rosoft to use this as a loss leader, not to make any money off of it? >> possibly, and maybe create a flagship product, something to make everyone else step up. i think the danger is going to be to have this sort of "star wars" cantina of interesting ideas. every one of their eomsystem going to be creating an interesting product-- some convertible laptops. it's going to be hard to keep track. >> tom: an interesting...
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Mar 22, 2012
03/12
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when the spin-off is completed later this year, mondelez will trade under the ticker symbol m- d-l-z. that's "nightly business report" for wednesday, march 21. i'm tom hudson. good night, everyone. and goodnight to you, too, susie. >> susie: good night, tom. i'm susie gharib. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
when the spin-off is completed later this year, mondelez will trade under the ticker symbol m- d-l-z. that's "nightly business report" for wednesday, march 21. i'm tom hudson. good night, everyone. and goodnight to you, too, susie. >> susie: good night, tom. i'm susie gharib. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh...
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Oct 18, 2012
10/12
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clear the way fo mom-and-pop m owners and we'll be back at 4% unemployment in no time. only prlem is, that's wrong. now, small businesses are great, but it should be obvious that putting a dry cleaner or a real estate broker on every corner is not going to save the economy. like big companies, the vast majority of small businesses destroy jobs as fast as they heeate them., the truth is, as everyth researcher in the field knows, the companies that create virtually all net new jobs in the.s. are gre th companies. most are smalpa as are mostsm american companies, but they don't cate jobs because they're small. in fact, the growth companies accounting for more than half of all net new jobs start with at least 100 employees, so theyt aren't small at all. now, politicians have their reasons for perpetuating the myth. the mom-and-pop shop is a piece of america, and small business owners vote.er but the myth breeds a lot of bad job creation policy. the point, after all, isn't to fund thousands of startups. the goal ought to be to identify growth companies in an area and make su
clear the way fo mom-and-pop m owners and we'll be back at 4% unemployment in no time. only prlem is, that's wrong. now, small businesses are great, but it should be obvious that putting a dry cleaner or a real estate broker on every corner is not going to save the economy. like big companies, the vast majority of small businesses destroy jobs as fast as they heeate them., the truth is, as everyth researcher in the field knows, the companies that create virtually all net new jobs in the.s. are...
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Feb 8, 2012
02/12
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. >> we are going to be averaged.n consolconsolidation it will be m buying opposed to selling. bryan thank you no for being he. >> tom: here's what we're watching for tomorrow: we'll see the weekly numbers on crude oil and gasoline stockpiles, as well as earnings from cisco systems, time warner, and whole foods market. also tomorrow, technology stocks have been surging in the new year. we look at the nasdaq's rise and what it says about the u.s. recovery. >> susie: job openings climbed to a three-year high as 2011 came to an end. companies and governments advertised more than three million open positions in december. and with 13 million people unemployed that month, that means there were almost four people competing for each available job. its the first time that ratio was below four to one; in a healthy job market, that ratio is around two to one. >> tom: toyota's third quarter profit slid 13.5% to just over $1 billion. but the big japanese auto maker was confident enough in its recovery today to raise its annual profit outlook. it now sees full-year earnings of $3.5 billion,
. >> we are going to be averaged.n consolconsolidation it will be m buying opposed to selling. bryan thank you no for being he. >> tom: here's what we're watching for tomorrow: we'll see the weekly numbers on crude oil and gasoline stockpiles, as well as earnings from cisco systems, time warner, and whole foods market. also tomorrow, technology stocks have been surging in the new year. we look at the nasdaq's rise and what it says about the u.s. recovery. >> susie: job...
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Mar 29, 2012
03/12
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b-m-y, the interested buyer, was unchanged. one reason for the interest may be amylin's diabetes drugs. and that's tonight's "market focus." >> susie: investors in all kinds of health care stocks are now facing an anxious wait. the supreme court wrapped three days of arguments over president obama's healthcare law, and the court's decision on whether to scuttle all or parts of the law is not expected until late june. as darren gersh reports, the key question today was, how much of the law could remain if the individual mandate is struck down? >> reporter: sometimes legal argument is elevated and subtle, and sometimes it's pretty basic. here's how justice elena kagan summed up the choice before the court today. >> and the question is always, does congress want half a loaf? is half a loaf better than no loaf? >> well, justice kagan, i think there are situations where half a loaf is actually worse. >> reporter: paul clement represents 26 states fighting the affordable care act. if the court declares the individual mandate is uncon
b-m-y, the interested buyer, was unchanged. one reason for the interest may be amylin's diabetes drugs. and that's tonight's "market focus." >> susie: investors in all kinds of health care stocks are now facing an anxious wait. the supreme court wrapped three days of arguments over president obama's healthcare law, and the court's decision on whether to scuttle all or parts of the law is not expected until late june. as darren gersh reports, the key question today was, how much...
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Oct 26, 2012
10/12
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. >> m: education is one of them: many issues president obama and governor romney sparred about in their presidential campaign debates. and tonight's commentator says there's an entire group of students that have been short- changed. he's todd buccholz, author of "rush: why you need and love the rat race." >> our schools have cheated and discriminated against a generation of students. when i was in high school, they divided us into two tracks. the college prep kids read "beowulf" and "macbeth"; the other kids were shunted into so- called vocational education, where they learned how to build a house, change spark plugs, and wire air conditioners. of course now, most us college kids can't ev u explainn how a toaster works. so where was the cheating and discrimination? those vocational kids weren't taught enough. they should've been taught, not just how to build and fix things, but how to run a business. if you've been trained as a plumber and can snake a pipe, you might be able to make ends meet for your family. but if you've also learned how to open your own plumbing business, you can pro
. >> m: education is one of them: many issues president obama and governor romney sparred about in their presidential campaign debates. and tonight's commentator says there's an entire group of students that have been short- changed. he's todd buccholz, author of "rush: why you need and love the rat race." >> our schools have cheated and discriminated against a generation of students. when i was in high school, they divided us into two tracks. the college prep kids read...
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Sep 6, 2012
09/12
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. >> reporter: the razr m model has a 4.3 inch touchscreen and goes on sale at verizon next week for the appealing price of $99. the parade of tech announcements continues tomorrow, when amazon is slated to unveil it's latest kindle fire tablet. and, next wednesday apple is widely expected to release its big kahuna, also known as iphone 5. can it possibly live up to the hype? >> i do think investors and shoppers probably are going to be a little bit disappointed. it will be sleeker, faster, but only incrementally so. it's not going to be a huge game changer. >> reporter: that may be, but, undoubtedly, plenty of iphone 5s will still get sold in the coming months. suzanne pratt, "n.b.r.," new york. >> susie: the big question this election year: "are you better off today than you were four years ago?" answering that question has become a rally cry at this week's democratic national convention. and president obama is hoping a lot of voters say "yes". for small businesses the answer is both "yes" and "no". job cuts led some entrepreneurs to open their own businesses. but, some firms say t
. >> reporter: the razr m model has a 4.3 inch touchscreen and goes on sale at verizon next week for the appealing price of $99. the parade of tech announcements continues tomorrow, when amazon is slated to unveil it's latest kindle fire tablet. and, next wednesday apple is widely expected to release its big kahuna, also known as iphone 5. can it possibly live up to the hype? >> i do think investors and shoppers probably are going to be a little bit disappointed. it will be sleeker,...
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Jan 13, 2012
01/12
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meanwhile we're also seeing interest in the bankrupt parent of american airlines, a-m-r. the company went bust in november, looking to restructure its debt and cut its labor costs. it was the last of the major legacy carriers to declare bankruptcy. reports indicate there are two possible buyers, delta airlines and private equity firm t.p.g. capital. ray neidl is an analyst with calyon securities. welcome back. we should add one more name. late today it broke that us airways may be involved. let's tackle the cariers, dealt and and us airways. any chance any of those get through regulatory scrutiny? >> well, delta thinks they could get through. they've had too much market share. delta and american combined, and you have the problem, also, with the european regulators. american is in the one world, delta-- and they wouldn't want to lose that. british airways would be hurt if american left one world. i think the delta situation would be very difficult but we'll see what develops there. >> tom: what's of value for american airlines that these folks like to see? >> it's a good
meanwhile we're also seeing interest in the bankrupt parent of american airlines, a-m-r. the company went bust in november, looking to restructure its debt and cut its labor costs. it was the last of the major legacy carriers to declare bankruptcy. reports indicate there are two possible buyers, delta airlines and private equity firm t.p.g. capital. ray neidl is an analyst with calyon securities. welcome back. we should add one more name. late today it broke that us airways may be involved....
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Nov 3, 2012
11/12
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couldn't maintain its positive momlltum, even though factory orders had their biggest monthly increa m in september in a year and a half.cr the s&p 500 sank into the close, ending down 0.9% trading volume on the big board totaled 791 millioshares.sh it was 1.8 billion on the nasdaq. the pressure can from the materials sector, down two percent. energy falling 1.7%. and technology down 1.5%5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two dollars per barrel, settling at its lowest price since june. the u.s. dollar was higher on the back of the emoyment numbers and a more expensive dollar can put downward presre on oil. esl giant chevron also hurt the energy sector and the dow. chevron had the biggesten percentage loss among dow stocks. chevron did not make as much money has anticipated in the third quarter. earnings per share were well short of eimates. similar to exxoimmobil, chevron also saw its production an cfuel sales fall, hit by hurricane isaac in august, legal troubles in brazil and a refinery fire in california. shares fell 2.8
couldn't maintain its positive momlltum, even though factory orders had their biggest monthly increa m in september in a year and a half.cr the s&p 500 sank into the close, ending down 0.9% trading volume on the big board totaled 791 millioshares.sh it was 1.8 billion on the nasdaq. the pressure can from the materials sector, down two percent. energy falling 1.7%. and technology down 1.5%5% falling commodity prices weighed on some of their respective stock sectors. oil fell more than two...
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May 3, 2012
05/12
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some companies prefer to stash their cash for m&a activity, stock buybacks, or to reinvest in their business. but, dividends are also seen as a vote of confidence in the market and future business. >> just as everyday investors were nervous in the midst of the financial crisis and decided to sit on cash, essentially companies did the same thing. once everyone realized that the world wasn't actually going to come to an end, they began deploying that cash and spending that cash and i think we're seeing that partly through higher dividends. >> reporter: most dividend news comes during the first half of the year, usually connected to annual meetings. still, more firms are expected to up their dividends this year particularly if corporate profits and the economy hold up. suzanne pratt, n.b.r., new york. >> tom: distractions-- that's what chesapeake energy c.e.o. aubrey mcclendon today called the controversy surrounding his personal stakes in energy wells. he apologized to investors. the latest issue is a report from reuters that mcclendon ran a $200 million hedge fund trading the same energy comm
some companies prefer to stash their cash for m&a activity, stock buybacks, or to reinvest in their business. but, dividends are also seen as a vote of confidence in the market and future business. >> just as everyday investors were nervous in the midst of the financial crisis and decided to sit on cash, essentially companies did the same thing. once everyone realized that the world wasn't actually going to come to an end, they began deploying that cash and spending that cash and i...
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May 4, 2012
05/12
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'm tom hodson. susie's on assignment. somewhere between 28 and $35 per share. that's how much facebook is hoping to get. slow at the nation's retailers as americans become more cautious about spending. what goes into a can of paint. for kelly moore in california, it's a lot of red, white and blue. that and more tonight on nbr. we begin this evening with some new details of what could be one of the laurenist stock sales this year when facebook sells its stock to the public perhaps as early as this month, it is aiming for a price between 28 and $35 per share. that sale could happen within a matter of weeks. at the high end of the range, the sale could raise nearly $12 billion and value facebook's business at $95 million. that valuation comes just days after facebook says business was slowing. while revenues were up 45% in the first quarter, profits dropped 12% as it spent heavily higher in sales and marketing people and expanding its technology data centers. >> whenever you see high growth company showing not only decelerating revenue growth, but significant incr
'm tom hodson. susie's on assignment. somewhere between 28 and $35 per share. that's how much facebook is hoping to get. slow at the nation's retailers as americans become more cautious about spending. what goes into a can of paint. for kelly moore in california, it's a lot of red, white and blue. that and more tonight on nbr. we begin this evening with some new details of what could be one of the laurenist stock sales this year when facebook sells its stock to the public perhaps as early as...
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Oct 17, 2012
10/12
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m-u-r shares popped 8% as the company will use the proceeds to pay a special dividend and buy back shares. four of the five most actively traded exchange-traded products were up. the s&p volatility note fell by more than 3%. and that's tonight's "market focus." >> tom: with the unemployment rate dropping last month, thousands of americans reported going back to work... for themselves. this year, a quarter of a million people say they have created their job by becoming self-employed. just over 10% of the work that people say they've found year- to-date is thanks to creating their own opportunities. this week, we're looking at the freelance job market. gary swart is the c.e.o. of o- desk, an online marketplace for freelance work. he joins us from san francisco. gary, are these kind of self-employment gains sustainable, do you think? >> we do think, tom. we're seeing a pretty significant growth. since 2009, we have seen the hours worked on our platform, about 26 million hours. it is like off-line work, but they're being done online. we think they're sustainable. >> tom: from an employee's pe
m-u-r shares popped 8% as the company will use the proceeds to pay a special dividend and buy back shares. four of the five most actively traded exchange-traded products were up. the s&p volatility note fell by more than 3%. and that's tonight's "market focus." >> tom: with the unemployment rate dropping last month, thousands of americans reported going back to work... for themselves. this year, a quarter of a million people say they have created their job by becoming...
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May 19, 2012
05/12
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the inflation we have seen in our cost of product gulf of m five to six percent and we think it is coming down three to four percent, it is still going up so what i am saying it is going up, we hope, at a lower rate and that's what we are expecting to see but we don't know it will go down a lot lower than three, four percent. >> we keep hearing the economy is getting better, does this give you some leeway to pass along the higher costs to your customers? >> well i think any time people's mind-sets are more optimistic and more positive, it gives all of us an opportunity to grow our business and grow it better, so certainly if our customers are having success, that gives us more of an ability to price along with price increases that are necessary, a little bit faster and that's the balance we are trying to strike today. >> one area that a prices are coming down is gasoline, are lower gasoline prices helping your profit margin? >> it helps us out some, it is not a huge part of our cost structure that is meaningful, the biggest positive about fuel prices coming down is the fact it gets the co
the inflation we have seen in our cost of product gulf of m five to six percent and we think it is coming down three to four percent, it is still going up so what i am saying it is going up, we hope, at a lower rate and that's what we are expecting to see but we don't know it will go down a lot lower than three, four percent. >> we keep hearing the economy is getting better, does this give you some leeway to pass along the higher costs to your customers? >> well i think any time...
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Sep 26, 2012
09/12
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continue our series "politics and the pits" with erika miller and oil trader john netto, president of m-3 capital. tomorrow, we continue "politics >> how are traders in general viewing the election? >> well, the election is opinions aside, and no entity. obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it rallies more, because romney victory is risk conducive which would send oil higher. >> ho how big is the uncertaint? >> much less than a few months ago. the morkt has begun to sdounlt an obama victory. not because of political uncertainty, but more because of economic certains. >> once we get beyond the election, what will be the driver for crude? >> economic growth
continue our series "politics and the pits" with erika miller and oil trader john netto, president of m-3 capital. tomorrow, we continue "politics >> how are traders in general viewing the election? >> well, the election is opinions aside, and no entity. obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high...
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Oct 20, 2012
10/12
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well, i think, first of all, the market is relatively cheap, if you look at the p/e ratio long-term,m, the s & p 500, arod 15, 16. and right now we're around 13 or 14. things are still relatively cheap. the other thing is the fed policye continues. we have this quantty eternity, i or infinity that everybody isy talking about. i think that's very bullish, especially for the financials. >> tom: not bullish if you're looking for interest rates. to movek there's room here with enterprise products partners, a mastered limited partnership yielding about 5% e.p.d. it's close to its high. why do you think it has room to move? >> well, they have a policy of raising their dividend every quarter. they're in a sector where any kind of economic recovery will be bullish because that will be more natural gas going through the pipelines. they're still paying a very-- you know, 4.7% dividend. they keep increasing t the dividend. the dividend payout ratio is relatively small, so i like it a lot. >> tom: you also like finance here with main street capital, m.a.i. in the ticker and an awful low good looki
well, i think, first of all, the market is relatively cheap, if you look at the p/e ratio long-term,m, the s & p 500, arod 15, 16. and right now we're around 13 or 14. things are still relatively cheap. the other thing is the fed policye continues. we have this quantty eternity, i or infinity that everybody isy talking about. i think that's very bullish, especially for the financials. >> tom: not bullish if you're looking for interest rates. to movek there's room here with enterprise...
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Feb 23, 2012
02/12
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trading volume in w-m-t has been four times normal on this move down, from a 52-week high hit last week. one other note from retailing, women's store limited brands fell 4% in after-hours action, below its closing price. while earnings were stronger than anticipated, its outlook was well below estimates. limited is the parent of such brands as victoria's secret and bath and body works. gold heated up thanks to some late day buying, but it was enough to push prices to their highs of the year. gold rallied almost $13 an ounce, with traders pointing to the usual set of worries out of europe and some technical support around 1750 an ounce. gold hasn't traded over $1800 an ounce since november. gold has been finding buyers as the dollar index has stabilized. usually gold and the dollar trade in opposite directions, but worries about europe have helped both gold and the dollar. the dollar index was up a fraction today. speaking of dollars, it is tax time, and tax software prep maker intuit is sitting at an all-time high tonight. that comes after a 6% rally today. intuit is taking more market
trading volume in w-m-t has been four times normal on this move down, from a 52-week high hit last week. one other note from retailing, women's store limited brands fell 4% in after-hours action, below its closing price. while earnings were stronger than anticipated, its outlook was well below estimates. limited is the parent of such brands as victoria's secret and bath and body works. gold heated up thanks to some late day buying, but it was enough to push prices to their highs of the year....
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Oct 23, 2012
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you talk about north of 700 million worldwide, use month so m yes, if you are building good psducts people will use it. >> so tradeddu newspaper after-hours trading, would you buy yahoo! at $16? >> you know, we are still a buyer on it. we think there is a fair amount of value left to be unlocked in this company. we have a $19 price target, about 15% upside. so it's not for everyone. it's going to be a bumpy rod but again the expectations are set d low this is step one in the turn around. >> quick questions about apple. a lot of expectations about apple's announcement tomorrow. people are expecting a minii pad. how important ithis product launch for app snell. >> it is actually quite important because the ipad is the second most seg revenue stream to apple after the iphone. and competitors have gotten some traction by selling a 7 inch tablet.d apple wants to nip that in the bud. i think will you see them come out with a nice light ipad air product that will beannounced tomorrow. >> real quily, investors are buying up q the stock. it's now at $634. would you buy apple? >> well, the issue you
you talk about north of 700 million worldwide, use month so m yes, if you are building good psducts people will use it. >> so tradeddu newspaper after-hours trading, would you buy yahoo! at $16? >> you know, we are still a buyer on it. we think there is a fair amount of value left to be unlocked in this company. we have a $19 price target, about 15% upside. so it's not for everyone. it's going to be a bumpy rod but again the expectations are set d low this is step one in the turn...
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Dec 4, 2012
12/12
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and that could really be a great theme for 2013 as companies look to m & a where. they can put their cash to invest in key growth areas such as analytics and services which are two important areas in the megacap tech space. >> most definitely. big data. we've seen that play out this year, likely to grow next year. do you have any positions if in the stocks we mentioned tonight, jill? >> no, we're restricted. >> tom: our word on the street with jill malandrino with the street.com. >> susie: tomorrow on "n.b.r." we continue our focus on the fiscal cliff, we talk with maya macguineas, of "fix the debt", as her group meets with lawmakers to talk tax and health care reform. also tomorrow, toll brothers reports earnings, and pandora, the internet radio site is also out with quarterly results. and finally tonight, we want to remind you about a special guest on "n.b.r.," later this week. "n.b.r." founding co-anchor, paul kangas will join us on thursday night, december 6. we'll talk about the markets, and he'll answer some of your questions. that's thursday, december 6. you
and that could really be a great theme for 2013 as companies look to m & a where. they can put their cash to invest in key growth areas such as analytics and services which are two important areas in the megacap tech space. >> most definitely. big data. we've seen that play out this year, likely to grow next year. do you have any positions if in the stocks we mentioned tonight, jill? >> no, we're restricted. >> tom: our word on the street with jill malandrino with the...
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Sep 11, 2012
09/12
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h&m, uniqlo, zara. i'm a big fan of zara. >> reporter: across the board, the numbers show men are shopping. according to n.p.d. group's consumer tracking service, in 2011, sales of menswear climbed 4% to $55 billion. the womens industry is twice the size but it grew slower last year. >> since the recession, menswear has been the fastest growing sector of the adult apparel market. >> reporter: both men's wearhouse and joseph a-bank clothiers saw sales increase in the spring, reporting stronger than expected second quarter earnings. jack cassidy has worked with some of the biggest brands in the apparel industry. >> there's no question with the economy being as tight as it is, men want to figure out what i call their brand differentiator? is, and a brand differentiator is the way that you dress. >> reporter: cassidy says suit sales are hot right now. michael andrews, owner of michael andrews bespoke says more men are splurging on custom-made suits. >> once we kind of came out of the downturn, was a return
h&m, uniqlo, zara. i'm a big fan of zara. >> reporter: across the board, the numbers show men are shopping. according to n.p.d. group's consumer tracking service, in 2011, sales of menswear climbed 4% to $55 billion. the womens industry is twice the size but it grew slower last year. >> since the recession, menswear has been the fastest growing sector of the adult apparel market. >> reporter: both men's wearhouse and joseph a-bank clothiers saw sales increase in the...
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May 24, 2012
05/12
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today's 1.3% gain takes w-m-t to a 12-year high. two online consumer stocks also were moving up. travel company expedia gained almost 7%. investment firm piper jaffray sees a strong pick-up in web traffic from europe this spring. netflix continues its recent rally, up another 6% today. shares recently hit six month lows. earlier, erika reported on hewlett-packard's latest quarter. dell shareholders suffered a big loss after that company's disappointing quarter and outlook. the company lost almost a fifth of its value, down 17%. volume jumped even fold. this is a year and a half low for dell. in the patent fight between google and oracle, a federal jury ruled google did not infringe orcale's java software patents. oracle claimed google's android mobile phone platform used its software without permission. earlier, the jury found oracle had proven copyright infringement but could not agree if google could fairly use the software. the jury foreman said the final vote that google could fairly use the material 9-3 for google. both google and oracle shares were higher today. the next ph
today's 1.3% gain takes w-m-t to a 12-year high. two online consumer stocks also were moving up. travel company expedia gained almost 7%. investment firm piper jaffray sees a strong pick-up in web traffic from europe this spring. netflix continues its recent rally, up another 6% today. shares recently hit six month lows. earlier, erika reported on hewlett-packard's latest quarter. dell shareholders suffered a big loss after that company's disappointing quarter and outlook. the company lost...
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Jan 18, 2012
01/12
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are seeing weakness, generally speaking, is in anything related to capital markets, so revenues from m&a activity, i.p.o.s and so forth, trading revenues, and then mortgage activity. >> reporter: so why in the world are financials expected to post the biggest earnings increase of any sector with a whopping 70% gain? the answer? a quirk in the data. turns out, the financial sector's strength is due almost entirely to gains at one firm, a.i.g. >> the company reported a huge loss a year ago. it was $16 per share. they had some charges. as a result, because they are expecting a profit this quarter, plus their overall weighting in the index, it's just having an unusually large effect in this particular quarter. >> reporter: take out a.i.g., and earnings for the group are expected to be flat. but they may be worse than flat. estimates for financials have been falling steadily since the start of the quarter, and many analysts think big banks will continue to struggle. >> the two biggest headwinds are the dodd-frank financial regulatory reform act and what's going on in europe right now. there'
are seeing weakness, generally speaking, is in anything related to capital markets, so revenues from m&a activity, i.p.o.s and so forth, trading revenues, and then mortgage activity. >> reporter: so why in the world are financials expected to post the biggest earnings increase of any sector with a whopping 70% gain? the answer? a quirk in the data. turns out, the financial sector's strength is due almost entirely to gains at one firm, a.i.g. >> the company reported a huge loss a...